
Opendoor Technologies Inc (NASDAQ:OPEN) is trading significantly lower Friday after the company reported fourth-quarter financial results.
Opendoor reported quarterly revenue of $3.8 billion, which beat the $3.17 billion estimate and was up 1,435% from the fourth quarter of 2020. The company said it sold 9,794 homes during the quarter, an increase of 1,054% from the fourth quarter of 2020.